Large residential project in Bro

Pangea buy-side adviser to Slättö in the SEK 1.2bn acquisition

At the end of June, it was announced that Slättö acquires the first stage of the new residential area Tegelhagen in Bro, in northern Stockholm, from Magnolia Bostad. The project comprises about 650 apartments and the value at completion is estimated to around SEK 1,170 million. Construction is expected to start in the autumn of 2018 and the first occupancy is planned for 2020, with Magnolia being responsible for the development.

Pangea Property Partners was buy-side adviser to Slättö in the transaction. In the first half of 2018, we advised on about 30 transactions and advisory mandates in the Nordics with an underlying property value above SEK 16 billion.